Report: Columbus holding its own amid recession - Denver Business Journal:

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A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitorf bills itself asa “beneath the hood” recession-era look at metroas with more than 500,000 residents as of 2007. The reporty placed the Columbus metropolitan statistical area 40th among thosw ranked forits strength, based on employment, wage, output, home prices and foreclosurde data. No other Ohio city made the top 50. Cincinnati, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitan area Leading the pack in the repor t was San Antonio, one of four Texas cities amonv the nation’s top five.
Detroit was rankecd last, followed by Cape Coral, and Stockton, Calif., two areasx devastated by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggest that recovery may be quite uneven as well, posing particular challenges for policymakerz seeking to ensure a truly nationaol rising economic tide.” strengths and weaknesses in the reporft varied. The city ranked 25th for its 1.7 percenr decline in employment sinc e its peak earlierthis decade. Columbua found itself at 32nd for itsmodest 0.4 percen t gain in inflation-adjusted housing prices for the firstr three months of 2008 compared with the same periof this year.
But the city was ranked near the bottokm ofthe list, at 80th, for the 4.8 percenty decline in its gross metropolitan producft – a measure of the goods and services produced in the area in the first quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsg quarter this year alone, the GMP dropped 1.7 percent, representingh the 14th-worst decline among the cities measured. To download the full click .